SOURCE: Franklin Templeton

Franklin Templeton

March 17, 2011 09:56 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - March 17, 2011) -  The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange, today released portfolio allocation updates containing the following information as of February 28, 2011:

  • Asset Allocation
  • Ten Largest Positions/Portfolio Characteristics
  • International Allocation/Net Currency Distribution
  • Industry Allocation/Country Distribution

To obtain a copy of the updates, please contact Fund Information at 1-800-342-5236.

Templeton closed-end Funds:

 Templeton Emerging Markets Fund (NYSE: EMF)
 Templeton Emerging Markets Income Fund (NYSE: TEI)
 Templeton Global Income Fund (NYSE: GIM)

The Funds' investment managers are subsidiaries of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $693 billion in assets under management as of February 28, 2011. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

 
TEMPLETON EMERGING MARKETS FUND
AS OF FEBRUARY 28, 2011
TOTAL NET ASSETS: $416,922,924
NET ASSET VALUE PER SHARE: $23.05
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS
EQUITY* 100.0%   VALE SA 6.9%
  100.0%   BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD 6.3%
      PETROLEO BRASILEIRO SA (PETROBRAS) 5.7%
      AKBANK TAS 4.4%
      SESA GOA LTD 3.8%
      TATA CONSULTANCY SERVICES LTD 3.6%
      ITAU UNIBANCO HOLDING SA 3.5%
      BANCO BRADESCO SA 3.5%
      GUANGZHOU AUTOMOBILE GROUP CO LTD 3.3%
      DAIRY FARM INTERNATIONAL HOLDINGS LTD 3.2%
        44.2%


INTERNATIONAL ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS  

INDUSTRY ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS
ASIA 65.2%   CONSUMER DISCRETIONARY 14.9%
  CHINA 18.8%     AUTOMOBILES & COMPONENTS 12.6%
  HONG KONG 6.0%     CONSUMER DURABLES & APPAREL 2.2%
  INDIA 10.9%   CONSUMER STAPLES 5.6%
  INDONESIA 6.2%     FOOD & STAPLES RETAILING 5.2%
  PAKISTAN 1.9%     HOUSEHOLD & PERSONAL PRODUCTS 0.3%
  SOUTH KOREA 5.6%   ENERGY 28.4%
  THAILAND 8.9%   FINANCIALS 21.5%
  TURKEY 7.0%     BANKS 20.7%
EUROPE 12.4%     REAL ESTATE 0.8%
  AUSTRIA 0.9%   INDUSTRIALS 3.3%
  HUNGARY 1.3%     CAPITAL GOODS 2.3%
  POLAND 0.3%     TRANSPORTATION 1.0%
  RUSSIA 7.4%   INFORMATION TECHNOLOGY 5.1%
  UNITED KINGDOM 2.5%     SOFTWARE & SERVICES 3.6%
  LATIN AMERICA 21.8%     TECHNOLOGY HARDWARE & EQUIPMENT 1.4%
  BRAZIL 19.7%   MATERIALS 21.3%
  MEXICO 2.1%   TOTAL EQUITY* 100.0%
MID-EAST/AFRICA 0.6%      
  SOUTH AFRICA 0.6%      
TOTAL EQUITY* 100.0%      
         

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The industry allocation uses MSCI's industry definitions for the convenience of comparison. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The Fund's portfolio is actively managed and investment allocations can be expected to change.

* EQUITY INCLUDES CONVERTIBLE AND PREFERRED SECURITIES.

 
TEMPLETON EMERGING MARKETS INCOME FUND
AS OF FEBRUARY 28, 2011
TOTAL NET ASSETS: $769,509,220
NET ASSET VALUE PER SHARE: $16.21
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
 
CASH & OTHER -0.1%   WEIGHTED AVG. MATURITY 8.7732 yrs.
FIXED INCOME 100.1%   WEIGHTED AVG. DURATION 4.942 yrs.
  100.0%   WEIGHTED AVG. COUPON 7.4505%
         


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA 3.0%   ASIA 16.2%
  INDO RUPIAH 9.6%     FIJI 1.7%
  JAPANESE YEN -10.4%     INDIA 0.5%
  MALAYSI RINGGIT 0.7%     INDONESIA 9.6%
  SOUTH KOREAN WON 0.8%     PAKISTAN 1.6%
  SRI LANKA RUPEE 2.2%     SRI LANKA 2.7%
EUROPE 3.3%   EUROPE 30.7%
  EURO MON UNIT -1.0%     BOSNIA AND HERZEGOVINA 0.8%
  POLAND ZLOTY 0.7%     CROATIA 1.1%
  UKRAINE HRYVNIA 3.6%     CYPRUS 0.2%
LATIN AMERICA 15.7%     GEORGIA 0.7%
  BRAZILIAN REAL 10.3%     HUNGARY 0.4%
  MEXICAN PESO 5.4%     KAZAKHSTAN 7.5%
MID-EAST/AFRICA 3.2%     LITHUANIA 1.6%
  GHANA CEDI NEW 3.2%     NETHERLANDS 1.8%
NORTH AMERICA 74.8%     RUSSIA 5.4%
  US DOLLAR 74.8%     UKRAINE 11.2%
TOTAL 100.0%   LATIN AMERICA 34.5%
        ARGENTINA 8.6%
        BRAZIL 10.9%
        COLOMBIA 0.8%
        EL SALVADOR 0.4%
        MEXICO 2.9%
        PANAMA 0.5%
        PERU 2.7%
        TRINIDAD AND TOBAGO 0.8%
        VENEZUELA 6.9%
      MID-EAST/AFRICA 11.8%
        GHANA 3.2%
        IRAQ 5.0%
        SOUTH AFRICA 2.0%
        UNITED ARAB EMIRATES 1.6%
      OTHER 5.0%
        SUPRANATIONAL 5.2%
        CASH 0.1%
        DERIVATIVES -0.3%
      NORTH AMERICA 1.8%
        UNITED STATES 1.8%
      TOTAL 100.0%
         

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The weightings do not include the impact of currency forwards within the country weightings. The Fund's portfolio is actively managed and investment allocations can be expected to change.

TEMPLETON GLOBAL INCOME FUND
AS OF FEBRUARY 28, 2011
TOTAL NET ASSETS: $1,304,050,878
NET ASSET VALUE PER SHARE: $9.89



ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
 
CASH & OTHER 12.6%   WEIGHTED AVG. MATURITY 6.1566 yrs.
FIXED INCOME 87.4%   WEIGHTED AVG. DURATION 3.4888 yrs.
  100.0%   WEIGHTED AVG. COUPON 5.8586%
         


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA 30.2%   ASIA 28.9%
  INDIAN RUPEE 6.9%     INDIA 0.7%
  INDO RUPIAH 7.0%     INDONESIA 8.6%
  JAPANESE YEN -22.6%     MALAYSIA 0.6%
  MALAYSI RINGGIT 15.5%     PHILIPPINES 0.2%
  PHILIPPINE PESO 5.8%     SOUTH KOREA 15.8%
  SOUTH KOREAN WON 15.3%     SRI LANKA 2.4%
  SRI LANKA RUPEE 2.4%     VIETNAM 0.7%
AUSTRALIA/NEW ZEALAND 11.8%   AUSTRALIA/NEW ZEALAND 8.2%
  AUSTRALIAN DOLLAR 11.8%     AUSTRALIA 8.2%
EUROPE 1.6%   EUROPE 23.0%
  BRITISH POUND 4.6%     HUNGARY 2.4%
  EURO MON UNIT -32.0%     LITHUANIA 2.0%
  NORWEGIAN KRONE 9.0%     NORWAY 1.4%
  POLAND ZLOTY 7.9%     POLAND 8.5%
  SWEDISH KRONA 12.1%     RUSSIA 4.5%
LATIN AMERICA 24.6%     SWEDEN 4.2%
  BRAZILIAN REAL 8.2%   LATIN AMERICA 19.3%
  CHILEAN PESO 7.2%     ARGENTINA 1.8%
  MEXICAN PESO 6.1%     BRAZIL 8.2%
  PERU NUEVO SOL 3.1%     MEXICO 4.2%
MID-EAST/AFRICA 9.9%     PERU 3.1%
  EGYPTIAN POUND 4.7%     VENEZUELA 2.0%
  ISRAELI SHEKEL 5.2%   MID-EAST/AFRICA 9.1%
NORTH AMERICA 22.0%     EGYPT 4.7%
  US DOLLAR 22.0%     ISRAEL 2.7%
TOTAL 100.0%     SOUTH AFRICA 1.7%
      NORTH AMERICA 3.0%
        CANADA 0.5%
        UNITED STATES 2.5%
      OTHER 8.4%
        SUPRANATIONAL 3.6%
        CASH 4.0%
        DERIVATIVES 0.8%
      TOTAL 100.0%
         

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The weightings do not include the impact of currency forwards within the country weightings. The Fund's portfolio is actively managed and investment allocations can be expected to change.

Contact Information

  • For more information, please contact
    Franklin Templeton Investments
    1-800-342-5236